Shares of Titagarh Wagons and Bharat Heavy Electricals (BHEL) rose 2% in morning trade on April 12 after the consortium secured an order to supply Vande Bharat trains to Indian Railways.

Technology Partner, a consortium comprising BHEL and Titagarh Wagons, has received an order to supply 80 sleeper-class Vande Bharat trains within 72 months.

Under the terms and conditions of the agreement, it will be fully maintained by the consortium for 35 years.

The agreement includes a manufacturing and maintenance agreement for Vande Bharat Trainsets, including upgrades to the government manufacturing unit and Trainset Depot.

The cost per train is Rs 120 crore. Additional orders for AMC have also been placed for 35 years.

At 9:22 am, Bharat Heavy Electricals was quoted at Rs 73.40, up Rs 1.46, or 2.03% on the BSE. Titagarh Wagons hit a 52-week high of Rs 310 at Rs 295.65, up Rs 7.70, or 2.67%.